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I think you’re talking about the wrong person mate!

“take these off someone's hands unless they think they can move them on at a profit.” —— That’s not how market making works ! They create a market ! They are not in the business of buying shares, holding them and then selling on for a profit!

Wow public ! I never saw it / read it that way ! It’s always good to get a second opinion! Like someone else said , this is undervalued based on Niger alone .... but your post got me thinking !

But they should’ve included the duration of the drill ! I don’t buy into “it was done to prevent short term training”! They would have prepared an AFE with cost time and duration! This information should be known to them! Or are they worried they will miss yet another deadline ?

You think there is a 60% chance of the deal not happening ???? Why ?

I told you so !!! I mentioned it yesterday ! 550 before the end of the week !!! You heard it here first !!!

PS: they are not mutually exclusive

Yes very funny but good long term

Agreed ! Doesn’t really matter if it happens in December, January or even February!! However, what will matter is the company regularly missing deadlines ... if it happens too many times, people will start losing faith in the management’s abaility to meet deadlines and deliver what they said they would when they said they would do it! I agree that the delay could present a decent topup opportunity... Good luck all holders

Indico 1 update ! Rig ready

520p

Looking happy to be above 505

Then it’s definitely a strong sell!

Dear Luck counts ! Be warned ! You are also telling porkies about president’s debt and cost of production!!! Desist immediately!!! Or I will have to out you like I did with the reserves !

I agree doc President is too risky for me ! But they are diversified! They have production assets in USA and development assets in Paraguay... They are undervalued in terms of 2P reserves! Luck count confirmed that for us today !

But all others have been doubting since 2016 when the share price was 30p! Following that strategy is risky! Sure bet to losses !

That’s all well and good and doc is a I get the investment case ! I just want to know how much cash gets spunked in the mean time ! How many hard dollars for planning and executing the project ?? Ps: I was talking about development wells

Just to be clear I don’t own a single share of president energy! Just discovered today based on luck counts “research / lies” that they will be producing 5000 BOPD from 2019 (same as AMER) and have nearly 30% more 2P reserves! Best part is they are priced at 30 million less ! So either they are hugely undervalued or AMER is over valued compared to its closest South American listed rival ! Cheers luck counts ! PS: I have never posted on their bb or owned a single share ... just researching

Well done opulenta You seem to be averaging down on a daily basis ... hopefully it works out but they say you should never throw good money after bad !

It’s not free because they have to buy the metal !!!! Pay the workers and plan the job! If we use that logic then drilling oil wells is also free because we get the money back in future revenues! My question was : how many greenbacks do AMER have to put on the table to execute the project ? What is the number signed off on the AFE memo ?